The 16th Annual New York Real Estate Expo, held on October 16th at the Hilton Midtown in New York, brought together industry leaders and experts to discuss market trends and investment opportunities.
Shimon Shukouri, president and founder of Ariel Property Advisors, told The Epoch Times that the next two years will present a unique investment opportunity.
“The next two years are probably the most opportunistic we’ve ever seen,” Shkouri said, citing declining real estate values and rising rents in New York City as factors.
Shkouri advised potential investors to focus on familiar areas and partners. “Know what you are investing in and who you are investing in. These are the two most important aspects of real estate investing,” he said.
Jackson Reiter, chief operating officer and co-founder of Relm AI, introduced the company’s AI-powered home search engine at the show.
“We are an AI housing search engine that allows people to find homes and apartments based on anything they can imagine,” Reiter told The Epoch Times. He said the platform has been successful in New Jersey and will soon launch in New York City.
BKREA Chairman and CEO Bob Nakal said he is optimistic about the current market conditions in New York City.
“I think today is probably the best buying opportunity in the 40 years I’ve been a broker in New York City,” Kunakal told The Epoch Times. He said many buildings are selling for prices comparable to what they were 20 to 25 years ago.
Kunakal also criticized public policies for worsening the housing crisis.
“Everything our politicians have done since 2018 has been to limit the supply of housing, to “It has put upward pressure on prices, making it affordable for everyone,” he said.
Thibault de Saint Vincent, founder and chairman of luxury real estate agency Barnes, which sells luxury properties around the world, spoke about the rise of digital nomads and its impact on the real estate market.
“We’re seeing an explosion of digital nomads. People don’t just work or live in one city around the world, they actually move several times a year,” de St. Vincent said. told NTD News. He pointed to the need for serviced apartments and comprehensive amenities to accommodate this mobile clientele.
Anthony Kazazis, director of One National Real Estate LLC, which organizes the event, said the success of the expo was evident in the number of visitors and the scale of the event.
“The exhibition at the Hilton Midtown was a great success with over 7,000 professionals in attendance. 175 exhibitors, over 50 speakers and panelists, and several podcast and media companies. They interviewed and reported on the day’s events,” Kazazis said.
Attendees and exhibitors alike praised the event’s networking opportunities and lead generation potential, according to a blurb highlighted by event organizers.
Diane Nicolo Poccino of the New Jersey Builders Association said in a review posted on the event’s website that the expo “certainly generated a lot of leads and very fruitful relationships in the future.” I hope it will lead to this.”
Erica Lacentra, marketing manager for RCNCapital.com, said her company was able to make many new connections at the event.
“From the stacks of business cards I saw, I’m sure we’ll get a lot of new business from the contacts we’ve made,” Lacentra said.
Michael Romer, managing partner of Romer Debbas LLP and co-owner of Real Estate Center 4 Success, described the recent expo as “the best event ever” and said he was excited about in-person networking after pandemic-related disruptions. I highlighted the positive experiences I had back.
Margaret Gibbons, CEO of Insignia Renovations, commented on the event: “The energy was electric and the venue was buzzing with life.”
According to organizers, the NYC Real Estate Expo has become New York’s premier event for real estate professionals, providing a platform for networking, learning and exploring business opportunities across various sectors of the industry.
The success of the expo highlighted the resilience of New York’s real estate market despite the challenges posed by economic fluctuations and policy changes. As the industry continues to evolve, events like this enable direct connections between professionals navigating the complex landscape of real estate in one of the world’s most competitive markets.
